Bohemia, NY (PRWEB) November 09, 2013
Lawrence Teicher, founder of CFO Consulting Services and prominent Long Island accountant, responds to an article published by The Wall Street Journal on October 23rd, which details the recovering small-business-for-sale market and the best way to sell a business.
According to The Wall Street Journal article titled “Finally, a Good Time to Sell the Business,” more business owners are preparing to sell their companies now than they have in the past three years. Gradually rising revenues have allowed for the recovery of the small-business-to-sell market. The article reports that there were 1,685 small businesses sold last summer, about 500 more when compared to the same period in 2012.
The article says, “The trend is helping to relieve pent up demand among business owners of the baby boomer generation who have struggled in recent years to sell their companies due to the weak economy.”
Lawrence Teicher, founder of CFO Consulting Services and prominent Long Island accountant, says this increase in business sales correlates with the increase in small business lending. “Business owners who want to retire will have a better experience selling due to the fact that banks are more willing to provide loans to other small businesses looking to acquire,” he says. “There are plenty of opportunities for small business owners to sell and others to expand. Money is circulating and buyers are more plentiful this year.”
Teicher says now is the time to sell a business. “There are over 75 million baby boomers in this country,” he says. “They’re all at the age where they are retiring or considering retirement. Soon, sellers might outnumber buyers. The time to prepare your business to maximize its value is now. CFO Consulting Services can help business owners craft a successful exit strategy.”
CFO Consulting Services, LLC, provides outsourced, part-time CFO services on an as-needed basis to both small and mid-sized businesses located in the NY metropolitan region. Founded by Long Island CPA and financial expert Lawrence Teicher, CFO Consulting Services follows four main principles: independence, objectivity, competence and confidentiality. These core values have led its clients to achieve lasting success in their businesses.